Brokerages Set NCR Voyix Co. (NYSE:VYX) Price Target at $16.43

NCR Voyix Co. (NYSE:VYX) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.43.

VYX has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. DA Davidson decreased their target price on NCR Voyix from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of NCR Voyix in a research note on Monday, October 14th. Finally, The Goldman Sachs Group started coverage on NCR Voyix in a research report on Monday, October 14th. They issued a “neutral” rating and a $14.00 price objective for the company.

Insiders Place Their Bets

In other NCR Voyix news, insider James G. Kelly purchased 14,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $13.41 per share, for a total transaction of $198,468.00. Following the transaction, the insider now directly owns 46,900 shares in the company, valued at approximately $628,929. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, insider James G. Kelly acquired 14,800 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average cost of $13.41 per share, with a total value of $198,468.00. Following the acquisition, the insider now owns 46,900 shares of the company’s stock, valued at $628,929. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian J. Webb-Walsh bought 10,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $11.51 per share, with a total value of $115,100.00. Following the transaction, the chief financial officer now directly owns 142,288 shares in the company, valued at approximately $1,637,734.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 46,492 shares of company stock worth $577,993 over the last three months. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NCR Voyix

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. acquired a new position in NCR Voyix during the 1st quarter worth approximately $216,302,000. Shapiro Capital Management LLC acquired a new position in NCR Voyix during the second quarter worth $75,914,000. LSV Asset Management bought a new position in NCR Voyix in the first quarter valued at $39,433,000. Senator Investment Group LP acquired a new stake in NCR Voyix in the 1st quarter valued at $37,890,000. Finally, Clearbridge Investments LLC bought a new stake in NCR Voyix during the 1st quarter worth about $33,477,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

NCR Voyix Trading Up 2.3 %

NCR Voyix stock opened at $13.07 on Tuesday. The business’s 50-day simple moving average is $13.21 and its 200-day simple moving average is $13.09. NCR Voyix has a 52 week low of $10.87 and a 52 week high of $17.39.

NCR Voyix (NYSE:VYX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). The business had revenue of $876.00 million during the quarter, compared to the consensus estimate of $886.60 million. NCR Voyix had a negative net margin of 11.68% and a positive return on equity of 7.35%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share. As a group, research analysts predict that NCR Voyix will post -1.52 earnings per share for the current year.

About NCR Voyix

NCR Voyix Corporation provides various software and services in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Retail; Restaurants; and Digital Banking. It offers software, services, and hardware; and digital banking solutions for financial institution’s consumer and business customers.